Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found several non-conformities and improvement points during an audit of Statoil’s management of operations and barriers at Gullfaks B platform in the North Sea. The Gullfaks field has been developed with three integrated facilities
Shell’s sale of a package of the UK North Sea assets to Chrysaor has been welcomed by Oil & Gas UK, a representative body of the oil and gas industry. Shell announced on Tuesday that Chrysaor would buy its interests in Beryl, Bressay, Buzzard, Elgin-Franklin, Erskine, Everest, the Greater Armada clu
John Fredriksen-controlled Flex LNG said that Thomas Thorkildsen joined the company as senior vice president, business development.
The Government of Canadian province Nova Scotia has chosen petroleum consultancy firm Beicip-Franlab to develop a comprehensive geoscience picture of the Sydney Basin, off Cape Breton. The government said on Monday that the new research would help Nova Scotians and the industry to better understand
Oil giant Shell has agreed to sell “a package” of UK North Sea assets to Chrysaor for a fee of up to $3.8 billion, as part of its previously announced $30 billion divestment program. The initial consideration to be paid by Chrysaor has been set at $3.0 billion, and a payment of up to $600m […
Norskan Offshore, a Brazilian offshore vessel owners has secured three charters with Petrobras. DOF, Norskan’s Oslo-listed parent company, said Norskan has been awarded a 1+1 year contract with Petrobras for Skandi Botafogo anchor handlers. The contract will start February 15.. Furthermore, Norskan
Fred. Olsen Energy has secured a contract extension for one of its offshore drilling rigs. The company on Tuesday said its subsidiary Dolphin Drilling Ltd has agreed an extension of its current contract with Chevron North Sea Ltd for the semi-submersible Blackford Dolphin. The extension covers ongoi
Australia’s Origin Energy reported a rise in revenue in the December quarter, boosted by increased production at the Australia Pacific liquefied natural gas project. Revenue for the December quarter was $544.3 million, a 157 percent increase on the corresponding period in FY2016 and a 27 percent inc
Toisa Limited, an owner of a fleet offshore support vessels, has filed for bankruptcy, citing tough offshore market. The company said on Monday afternoon that it, together with its 23 affiliated vessel-owning companies filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy C
Oil giant Shell has reached an agreement with Kuwait’s KUFPEC for the sale of a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand. Apart from the stake in the Bongkot field, the sale worth $900 million includes Shell’s equity stake held in Blocks 15, 16 and 17
James Fisher Marine Services (JFMS) has started working at the Galloper offshore wind farm by deploying a three-man emergency response team in support of the foundation installation works at the site.
Papua New Guinea-focused player InterOil on Monday called on shareholders to vote for the proposed $2.5 billion takeover by the US-based energy giant ExxonMobil. InterOil said in a statement it urged shareholders to follow the recommendations of proxy advisory firms, Institutional Shareholder Servic
Sembcorp Marine has obtained approvals from the Chinese authorities to sell its stake in Cosco Shipyard Group. To remind, the Singapore-based rig builder in November 2016 said it would sell its shares in Cosco Shipyard Group for $220 million to China Ocean Shipping (COSCO). In an announcement on Mon
Pura Vida Energy is leaving Morocco, and is taking the drilling equipment with it, to use it for an exploration campaign there. In a statement on Monday, the energy company said it was set to complete a settlement agreement with a subsidiary of Freeport-McMoRan Oil & Gas, PXP Morocco B.V. (PXP), in
